topic Colorado - Pension - Age turning 55 this year - Information for the Colorado DR 0104 and use in State tax filing

Colorado - Pension - Age turning 55 this year - Information for the Colorado DR 0104 and use

user17705021769 — Sat, 07 Feb 2026 22:16:21 GMT

Greetings,

Colorado PERA benefits as I turn 55 this year, as it will now pertain to the Colorado DR 0104 AD process. I have looked through the State D.O.R. directory and found the form and completed it. However, I am unable to find appropriate guidance as to how it applies from the Federal side to the State side and what the thresholds are, to apply properly. Essentially, how or what are the over / under applications and how does it apply? I was also unable to find any guidance inside the Turbotax directory, so it may be already included / dismissed due to levels of +/- tax levels?

Thank you in advance for you help.

Respectfully,

Chris

Re: Colorado - Pension - Age turning 55 this year - Information for the Colorado DR 0104 and use

MonikaK1 — Mon, 09 Feb 2026 22:13:29 GMT

Enter your pension income shown on Form 1099-R in the Federal section of TurboTax. See this help article.

Then, when you complete your Colorado return, you will be presented with questions about income items that are treated differently for Colorado. TurboTax will calculate any Subtractions from Income for Colorado based on your entries and answers to the questions.

Individuals may be allowed to claim a subtraction on their Colorado Individual Income Tax Return for pension and annuity income included in their federal taxable income. Qualifying individuals may claim a subtraction on the Subtractions from Income Schedule (DR 104AD) (opens in new window) for pension and annuity income included in their federal adjusted gross income.

The Colorado subtraction is generally allowed only to individuals age 55 or older but may also be claimed by individuals under age 55 for pension and annuity income they receive as a death benefit. The subtraction is generally limited to $20,000 each year or, for individuals age 65 or older, $24,000. In the case of joint filers, the subtraction is allowed separately to each taxpayer included in the joint return.

Re: Colorado - Pension - Age turning 55 this year - Information for the Colorado DR 0104 and use

user17705021769 — Tue, 17 Feb 2026 22:35:35 GMT

Thank you, I will look forward to it next year, as I will be eligible at 55.

Have a good day